H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when the information is available, on (202) 452-3206. September 7, 2000 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Sep 6, 2000 Aug 30, 2000 Sep 8, 1999 Sep 6, 2000 Reserve Bank Credit 562,918 + 6,081 + 28,357 564,428 U.S. government securities (1) Bought outright-system account (2,3) 511,123 - 24 + 20,601 512,447 Held under repurchase agreements 0 0 - 2,458 0 Federal agency obligations (1) Bought outright 140 0 - 98 140 Held under repurchase agreements 0 0 - 8,387 0 Repurchase agreements — triparty (4) 17,664 + 6,903 + 17,664 16,680 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 36 - 18 + 22 129 Seasonal credit 531 - 55 + 255 504 Extended credit 0 0 0 0 Float -2 - 500 + 40 747 Other F.R. assets 33,426 - 225 + 718 33,781 Gold stock 11,046 0 + 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,105 + 14 + 2,768 30,105 Total factors supplying reserve funds 608,269 + 6,095 + 27,126 609,778 Currency in circulation* 572,193 + 3,822 + 30,374 573,551 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 166 + 5 + 79 168 Deposits, other than reserve balances, with F.R. Banks Treasury 5,594 + 349 + 481 4,359 Foreign 74 - 3 - 122 75 Service-related balances and adjustments (5) 6,793 + 94 - 226 6,793 Other 248 + 43 - 9 247 Other F.R. liabilities and capital 15,156 - 145 - 3,426 14,928 Total factors, other than reserve balances, absorbing reserve funds 600,223 + 4,164 + 27,149 600,121 Reserve balances with F.R. Banks (6) 8,046 + 1,931 - 23 9,657 On September 6, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 714,324 million, a change of $ + 248 million for the week. The total includes $ 619,409 million of U.S. government securities and $ 94,915 million of federal agency securities. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Face value of the securities. 2 Net of $ 16,449 million (daily average over statement week) and $ 15,558 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,449 million (daily average) and $ 15,558 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 391 million (daily average) and $ 748 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 422 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 5 Consists of required clearing balances of $ 6,264 million and adjustments of $ 529 million to compensate for float. 6 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury’s figures). Components may not add to totals due to rounding.

H.4.1(a) Consolidated Statement of Condition of all Federal Reserve Banks Millions of dollars Change Since Eliminations from Consolidation Wednesday Wednesday Wednesday Sep 6, 2000 Aug 30, 2000 Sep 8, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 4,000 Coin 729 - 31 + 446 Loans 633 + 27 + 354 Acceptances 0 0 0 Repurchase agreements — triparty (1) 16,680 + 4,745 + 16,680 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 13,350 U.S. government securities (2) Bought outright—Bills 188,995 - 265 - 10,597 Notes (3) 232,772 - 884 + 21,940 Bonds (4) 90,679 + 500 + 10,629 Total bought outright (5) 512,447 - 648 + 21,973 Held under repurchase agreements 0 0 - 3,430 Total U.S. government securities 512,447 - 648 + 18,543 Total loans and securities 529,899 + 4,123 + 22,127 Items in process of collection (701) 11,517 + 4,406 + 873 Bank premises 1,419 + 7 + 87 Other assets (6) 32,367 - 87 + 571 TOTAL ASSETS (701) 591,178 + 8,419 + 20,105 LIABILITIES Federal Reserve notes 544,342 + 2,982 + 27,725 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 17,250 + 3,739 - 4,839 U.S. Treasury—general account 4,359 - 1,589 + 213 Foreign—official accounts 75 - 24 - 141 Other (0) 247 + 45 - 17 Total deposits (0) 21,932 + 2,171 - 4,784 Deferred availability cash items (701) 9,976 + 3,252 + 475 Other liabilities and accrued dividends (7) 4,427 + 53 - 363 TOTAL LIABILITIES (701) 580,677 + 8,458 + 23,053 CAPITAL ACCOUNTS Capital paid in 6,874 + 18 + 566 Surplus 2,679 0 - 3,273 Other capital accounts 948 - 57 - 241 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 333 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,558 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 748 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 7 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Maturity Distribution of Loans and Securities, September 6, 2000 Millions of dollars U.S. government Federal agency Reverse Repurchase securities (1,2) obligations(2) Repurchase Loans Agreements— Weekly Weekly Agreements— Holdings changes Holdings changes Triparty (3) Triparty (3) Within 15 days 234 15,459 - 2,381 10 0 12,685 0 16 days to 90 days 398 111,753 + 561 0 0 3,995 0 91 days to 1 year 0 131,447 + 2,357 0 0 ——— ——— Over 1 year to 5 years ——— 129,601 - 1,689 10 0 ——— ——— Over 5 years to 10 years ——— 53,074 + 3 120 0 ——— ——— Over 10 years ——— 71,112 + 499 0 0 ——— ——— Total 633 512,447 - 648 140 0 16,680 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 422 million of compensation that adjusts for the effects of inflation on the principal of such securities. 2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements. 3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements. Components may not add to totals due to rounding.

H.4.1 (b) Statement of Condition of Each Federal Reserve Bank on September 6, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,04 6 53 5 4,42 8 41 4 52 0 75 0 80 2 1,06 4 35 9 15 8 34 0 51 4 1,162 Special drawing rights certif. acct. 4,20 0 21 9 1,66 8 15 8 19 9 28 0 31 7 40 5 13 5 5 8 12 6 18 7 448 Coin 72 9 1 5 6 3 4 7 5 0 9 7 10 0 9 1 3 9 2 2 4 9 7 1 84 Loans 63 3 0 11 7 3 0 0 2 1 11 6 10 5 14 9 9 2 1 5 15 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 16,68 0 0 16,68 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 14 0 8 5 4 6 8 8 9 1 7 5 1 5 4 15 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities (2) Bought outright— Bills 188,99 5 10,85 0 72,95 3 7,87 2 10,57 6 11,09 4 12,58 0 22,60 7 7,17 9 79 6 6,29 8 5,59 2 20,598 Notes (3) 232,77 2 13,36 3 89,85 1 9,69 5 13,02 6 13,66 4 15,49 4 27,84 3 8,84 2 98 0 7,75 7 6,88 7 25,370 Bonds (4) 90,67 9 5,20 6 35,00 2 3,77 7 5,07 4 5,32 3 6,03 6 10,84 7 3,44 5 38 2 3,02 2 2,68 3 9,883 Total bought outright (5) 512,44 7 29,41 9 197,80 5 21,34 4 28,67 7 30,08 2 34,11 0 61,29 6 19,46 6 2,15 7 17,07 7 15,16 2 55,851 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 512,44 7 29,41 9 197,80 5 21,34 4 28,67 7 30,08 2 34,11 0 61,29 6 19,46 6 2,15 7 17,07 7 15,16 2 55,851 Total loans and securities 529,89 9 29,42 7 214,65 6 21,35 2 28,68 5 30,09 0 34,14 0 61,42 9 19,57 6 2,30 7 17,17 4 15,18 1 55,881 Items in process of collection 12,21 8 89 8 1,53 4 53 7 46 8 97 7 1,07 0 79 9 54 9 76 8 87 1 65 5 3,093 Bank premises 1,41 9 9 3 16 3 4 9 15 6 12 4 21 8 10 5 3 3 12 6 4 9 13 8 165 Other assets (6) 32,36 7 1,53 2 10,85 5 1,17 1 1,90 3 4,97 3 2,11 6 3,10 7 94 7 65 2 93 4 99 3 3,183 Interdistrict settlement account 0 + 1,31 1 +11,94 9 - 68 3 + 1,49 8 + 37 6 + 2,50 8 - 4,89 1 - 68 2 - 1,07 7 - 1,47 2 - 4,98 9 - 3,848 TOTAL ASSETS 591,87 9 34,02 9 245,31 6 23,04 6 33,47 9 37,66 8 41,26 9 62,10 8 20,95 8 3,01 5 18,07 2 12,75 0 60,167 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 333 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,558 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 748 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding.

H.4.1 (c) Statement of Condition of Each Federal Reserve Bank on September 6, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 544,34 2 31,47 1 230,80 8 21,56 7 31,00 7 32,70 4 37,26 5 57,67 6 19,26 0 1,22 1 16,45 0 11,12 2 53,792 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,25 0 95 6 4,67 7 49 6 88 3 1,33 3 1,98 0 2,20 2 98 0 65 3 68 6 72 8 1,676 U.S. Treasury—general account 4,35 9 0 4,35 9 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 5 1 5 1 1 2 8 2 3 1 1 1 1 3 Other 24 7 0 13 6 0 2 9 0 0 1 4 0 0 2 1 2 Total deposits 21,93 2 95 8 9,22 3 49 7 88 7 1,43 0 1,98 3 2,21 8 98 1 65 5 68 9 73 0 1,680 Deferred credit items 10,67 6 81 9 1,36 3 45 7 61 7 81 2 94 1 76 7 30 9 58 7 49 1 44 4 3,069 Other liabilities and accrued dividends (2) 4,42 7 25 8 1,50 5 19 7 26 2 31 7 33 4 50 0 18 4 7 0 17 6 16 4 461 TOTAL LIABILITIES 581,37 8 33,50 5 242,89 9 22,71 8 32,77 4 35,26 4 40,52 3 61,16 2 20,73 3 2,53 3 17,80 7 12,46 0 59,002 CAPITAL ACCOUNTS Capital paid in 6,87 4 36 7 1,44 0 21 2 46 8 1,68 0 49 0 61 3 13 5 35 7 17 5 18 7 750 Surplus 2,67 9 12 0 55 2 8 3 18 5 70 5 19 2 24 1 6 6 9 8 7 5 8 8 275 Other capital accounts 94 8 3 7 42 4 3 3 5 2 2 0 6 5 9 3 2 4 2 8 1 6 1 6 141 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 591,87 9 34,02 9 245,31 6 23,04 6 33,47 9 37,66 8 41,26 9 62,10 8 20,95 8 3,01 5 18,07 2 12,75 0 60,167 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 766,25 2 37,89 5 307,60 6 31,65 1 37,50 3 51,51 1 60,79 7 70,44 4 24,02 7 9,93 3 21,99 3 33,28 5 79,608 Less—Held by F.R. Banks 221,91 0 6,42 4 76,79 8 10,08 4 6,49 6 18,80 7 23,53 2 12,76 8 4,76 7 8,71 2 5,54 2 22,16 3 25,816 F.R. notes, net 544,34 2 31,47 1 230,80 8 21,56 7 31,00 7 32,70 4 37,26 5 57,67 6 19,26 0 1,22 1 16,45 0 11,12 2 53,792 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities (3) 529,097 Total collateral 544,342 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and agency securities. 2 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements. Components may not add to totals due to rounding.